In 2019, Denmark exported $204.2 billion and imported $178.5 billion, resulting in a positive trade balance of $25.7 billion. In 2015, Denmark’s largest export sector was Consumer Goods, with 33.32% of total exports. Denmark exported 4,212 different products in 2015.
What is Denmark’s major imports and exports?
The most recent imports of Denmark are led by Cars ($5.2B), Refined Petroleum ($4.5B), Packaged Medicaments ($3.34B), Crude Petroleum ($2.36B), and Broadcasting Equipment ($2.13B). The most common import partners for Denmark are Germany ($21B), Sweden ($11.1B), Netherlands ($7.43B), China ($6.97B), and Norway ($4.43B).
Does Denmark import or export more?
In 2017, the value of total exports of goods and services made up 55% of GDP, whereas the value of total imports amounted to 47% of GDP. Trade in goods made up slightly more than 60% of both exports and imports, and trade in services the remaining close to 40%.
What is Denmark’s major exports?
Denmark is a net exporter of food and energy, and its principal exports are machinery, instruments, and food products. The United States is Denmark’s largest non-European trading partner, accounting for about 7% of total Danish merchandise trade.
What products does Denmark import?
What are the most important Danish imports? Refined petroleum, cars, computers, chemicals, consumer goods, machinery, and equipment are some of the main imported goods. Major import partners include Germany, Sweden, the Netherlands, China, Norway or the United Kingdom.
How much is Denmark in debt?
In 2020, the national debt of Denmark amounted to around 149.47 billion U.S. dollar.
How does Denmark make money?
Denmark supports a high standard of living—its per capita gross national product is among the highest in the world—with well-developed social services. The economy is based primarily on service industries, trade, and manufacturing; only a tiny percentage of the population is engaged in agriculture and fishing.
Why is Denmark so successful?
The reasons that make Denmark’s economy so successful are a very developed infrastructure, an efficient workforce and an advanced welfare system. Moreover, Denmark is among the world leaders in wireless communications, internet and new media. Denmark has one of Europe’s most efficient distribution systems.
Who is Denmark’s biggest trading partner?
The biggest trading partner for exporting goods from Denmark in 2020 was Germany with a total export value of roughly 96 billion Danish kroner. The second most goods were exported to the United States, reaching over 77.6 billion kroner the same year.
Who is Denmark’s largest trading partner?
The biggest trading partner for importing goods to Denmark in 2020 was Germany with a total import value of roughly 139 billion Danish kroner.
Main import partners of Denmark in 2020, by import value (in million DKK)
|Characteristic||Import value in million DKK|